Five Million Passengers: Grimaldi Group’s Objective For 2019

By | 2018 Newsletter week 41 | No Comments

After closing 2017 with 3 million passengers and 2018 expected to close at 4 million, Grimaldi Group of Italy is now watching at the 5 million as the new annual threshold to reach before the end of 2019.

The new ambitious target was revealed by Emanuele Grimaldi at the Euromed Convention held in Athens, Greece, where he also revealed that today the passenger business accounts just for 10% on the total turnover of € 3 billion.

Talking about the local market he said that Grimaldi Group’s future plans are to offer more services to Greek islands: “New route to Chania, new services to Cyclades Islands, new services to Corfù from Southern, Central and Northern Italy, and more connections also to Greece mainland”.

But Emanuele Grimaldi emphasized also more connection to Greek mainland talking about “increased cargo and passengers capacity from/to Venice and Brindisi and more global connections via Brindisi and via Euromed/deep-sea connections”.

Minoan Results: A 10-Year-Long Race Won By Grimaldi + More Consolidation In The Ferry Market

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At the traditional EuroMed Convention held in Athens this year, Grimaldi Group’s ceo Emanuele Grimaldi mentioned Minoan’s financial results speaking of a “10 year long race” recalling that the Greek subsidiary until 2010 had €500 million debts and €35.9 million operating losses per year, while in 2017/2018 is debt free and obtained “the best results in Greece among the ferry operators”.

Given this scenario, Grimaldi underlined again that “consolidation is a must for the ferry market” and that the group he heads is watching “at 20 potential firms to be taken over in the future”.

He also added that three of Minoan’s ferries will be equipped with scrubbers before summer 2019.

Corsica Linea to charter Grimaldi Ro-Pax

By | 2018 Newsletter Week 17 | No Comments

o charter Grimaldi Ro-Pax

French company Corsica Linea has agreed to charter the Grimaldi Lines’ ro-pax EUROFERRY CORFU, better know as the 1999-built FINNEAGLE.The vessel will start to operate on Marseille – Sardinia – Tunisia – Algeria as from mid June. The charter is for five years.

In 2017 Corsica Linea transported 568,000 passengers and 1.1 million lane metres of freight, which is a huge increase compared to the year before.Already 200,000 pax have been counted on the Maghreb routes. With the extra vessel the company wants to grab the opportunity to increase this number.

According to French TV France 3 (on YouTube) Corsica Linea seems to have approached La Meridionale, with an offer to merge the two companies. However La Meridionale’s CEO Francis Lemor (Groupe STEF, owner of La Meridionale) said the company is not.


By | 2018 Newsletter week 10 | No Comments

Fincantieri To Lenghten Two Grimaldi Cruise Ferries

Fincantieri and the Grimaldi Group have signed a letter of intent for the lengthening of CRUISE ROMA and CRUISE BARCELONA.
The construction of the sections that will be inserted in the ships will begin in 2018, while the end of the operations is expected by the summer of 2019.
The work will be done on the Palermo site, which has a great experience in such jobs (MSC Cruises, Silversea…)
Their length will change from 225m to 254m. The lane meters will improve from 3,000 to 3,700. Passenger capacity will jump from 3,000 to 3,500.

Reducing environmental impact and energy savings will be achieved by scrubbers and a system of mega lithium batteries, to power the ship during port calls.

Photo: Mike Louagie